A smart contract that acts as a special kind of wallet where you must provide a backup wallet address when you deposit your assets. The depositor can then decide to opt-in to use their assets as funds for the Aave Lending Pool so they can earn passive interests on their assets.
SafeKeep is a special kind of wallet that gives you a second chance at accessing your tokens if by chance you misplace your private keys or in a case of death, the tokens/funds are transferred to a backup address that you must have provided when depositing on SafeKeep for the first time. We know who to send his/her token to their backup address by checking if they have not pinged the SafeKeep contract for 6months or more. So there's a special function on the contract that you can call if you dont have a withdrawal or deposit to make for that period but you want the contract to know that you stiil have access and you're still active, just click on Ping. Also, the funds deposited into the contract are deposited into the Aave Lending Pool in other to bear interests on the tokens, which in turn means it's not just a backup wallet, but a way to get some interests on your tokens too instead of letting it just kay fallow in a normal wallet
How it's made